Revisiting the macroeconomic effects of labor reallocation

Emmanouil Gkiourkas, Theodore Panagiotidis and Gianluigi Pelloni

Economics Letters, 2017, vol. 158, issue C, 88-93

Abstract: We revisit the macroeconomic effects of labor reallocation within the framework of Campbell and Kuttner (1996). We re-estimate their model, update the sample, and employ generalized and local impulse response functions. We confirm that total employment responses to reallocation shocks remain significant.

Keywords: Labor reallocation; Unemployment; Sectoral shifts (search for similar items in EconPapers)
JEL-codes: C32 C50 E24 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:158:y:2017:i:c:p:88-93

DOI: 10.1016/j.econlet.2017.06.036

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